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Ottawa's Parliament Hill, where the Carney government is rolling out Canada's largest fiscal stimulus package since 1980. / Photo: Unsplash. MoneySavings.ca  ·  Economy & Policy Monday, April 13, 2026  ·  Daily Edition Canada at a crossroads: oil shock, frozen rates, and a trade deal on the clock Canada's economy is navigating a uniquely complicated moment in 2026. A Middle East conflict has sent oil prices surging past US$104 a barrel, a once-in-a-generation fiscal stimulus package is being rolled out in Ottawa, and the clock is ticking on a renegotiation of Canada's most important trade agreement. For everyday Canadians, this means uncertainty at the gas pump, a central bank with limited room to cut rates, and a federal government betting big on public spending to kick-start growth. Here is what you need to know about the forces shaping the Canadian economy right now. 1. The Bank of Canada is stuck — and oil is why The Bank of Canada has held it...
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Historic Shift: PKK Announces Disbandment and Disarmament in Landmark Peace Initiative with Turkey

In a groundbreaking move, the Kurdistan Workers’ Party (PKK) has declared its decision to dissolve its organizational structure and end its armed struggle, marking the conclusion of a four-decade-long conflict with Turkey. The announcement, made through the Firat News Agency, follows a party congress held in northern Iraq, where PKK leaders formalized their commitment to a peaceful resolution.

The PKK, which has been designated a terrorist organization by Turkey and its Western allies, has waged an insurgency since 1984, resulting in over 40,000 casualties and significant regional instability. The decision to disband comes in response to a call from the group’s imprisoned leader, Abdullah Ocalan, who urged his followers to embrace democratic politics as a means of addressing Kurdish rights.

While the announcement has been welcomed by Turkish officials as a step toward a "terror-free Turkey," details regarding the disarmament process remain unclear. Questions persist about the fate of PKK fighters, the disposal of weapons, and the broader implications for Kurdish militias in Syria and Iraq. 

This historic development has the potential to reshape regional dynamics, offering hope for a lasting peace and renewed political stability. However, the success of this initiative will depend on the implementation of concrete measures and continued dialogue between all stakeholders involved.

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